AN Ogun State High Court sitting in Abeokuta on Monday granted bail to Moses Ilesanmi, a former bursar of the Federal University of Agriculture, Abeokuta, FUNAAB, in the sum of N50 million. Ilesanmi was charged to court last Friday by the Economic and Financial Crimes Commission, EFCC, on allegations of stealing and fraudulent conversion of the institution’s funds. Ilesanmi, who was arraigned alongside the pro-chancellor of the institution, Sen. Adeseye Ogunlewe and the vice chancellor, Prof. Olusola Oyewole, pleaded not guilty to the 18-count charges against him. While the bail application of Ogunlewe and Oyewole were argued and granted on Friday, Ilesanmi’s was deferred till yesterday, since it could not be argued, and he was subsequently remanded in EFCC custody. At the sitting yesterday, Counsel to Ilesanmi, Adedamola Lapite prayed the court to grant his client bail in liberal terms pending the commencement of trial, arguing that the charges against him were bailable. However, the prosecuting counsel, Kayode Oni opposed the bail application, stating that the arguments brought forward by Lapite had no point. In her ruling, the presiding judge, Justice O.O. Majekodunmi granted Ilesanmi bail in the sum of N50 million with two sureties in like sum. The judge emphasised that the two sureties must be owners of landed properties within the jurisdiction of the court and must also deposit their title documents with the court. One of the sureties, according to the judge, must be a level 15 officer in the Ogun State civil service and deposit their international passports with the court, while he adjourned further hearing on the case till December 16, 19, 20, 2016.